Freelancing in India

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Globally, India ranks as the 7th largest freelance workforce after the US and Bangladesh with over 5 lakh people working independently in various sectors such as IT and programming, finance, sales and marketing, designing, animation, videography, content and academic writing. By 2020, 50% of workers are expected to go freelance.[1]

Government

There has not been much effort from India's government towards assisting freelancers until recently when it set up the Digital India Platform(DIP), an initiative to digitalize all government documents and where freelancers would be hired to help carry out the task. Anyone with a knowledge of computers has access to the Internet and owns a valid Aadhar card would be eligible to apply for this freelance opportunity.[2]

Economic contributions

India has about 15 million freelancers[3] and they have been significantly boosting the growth of start-ups. While fostering the start-up economy in the country, Indian freelancers are also increasingly providing expertise to top-drawer corporations as business environments and needs evolve.[4] The growth of freelancing in India can be attributed in part to lower costs for services. For example, an experienced freelance logo designer in the United States charges around $1,000 USD, while an experienced freelance logo designer in India will charge $120 USD. [5]

Female Indian freelance workers

There are numerous highly educated women armed with masters and doctorate degrees in India who cannot pursue a regular occupation due to family and social obligations.[6] Rather than cutting short their professional careers, these women seek out freelancing options.

Despite freelancing providing a viable career option for women looking for flexibility and control the number of Indian women taking up freelancing is still small as compared to their male counterparts. In a survey conducted by Payoneer, a payments services provider based in New York in 2015, only 22 per cent of Indian freelancers are women.[7] Not only this but the same report reveals that women are paid lesser than the men who freelance. While a male freelancer earns $19 per hour on an average, a female freelancer apparently earns $17 per hour for the same project.[8]

Companies and freelancers

The distinct shifts in technology, culture, demographics, and professional needs and goals have driven companies to reassess their human resource policies to accommodate the burgeoning freelance economy.[6] Start-ups in India are hiring 50 percent of the total freelancing workforce.[citation needed] These companies are not only hiring freelancers or independent consultants at lower management. In fact, freelance CFOs are also getting on board in order to help streamline a company's finances. According to industry estimates, hiring the services of an outsourced CFO can result in operational savings of 30 to 70 percent. Depending upon the nature of the job, fees can range from Rs. 30,000 to a few lakhs per month.[9]

References

  1. ^ "Infographic: 60% of freelancers in India are under 30 - Times of India". The Times of India. Retrieved 2018-11-14.
  2. ^ Burke, Miles. The Principles Of Successful Freelancing. 1st ed., Collingwood, Vic., Sitepoint, 2008,.
  3. ^ America's Independents: A Rising Economic Force. MBO Partners, Inc, Herndon, Virginia, 2016,
  4. ^ Indian Companies Say I Do To The Freelance Economy. FlexingIt, New Delhi, 2016,.
  5. ^ "Fiverr Review". Freelance Faucet. Retrieved 16 October 2022.
  6. ^ a b "Here's why freelancers are in great demand - The Economic Times". The Economic Times. Retrieved 2017-01-31.
  7. ^ "Thanks to internet, India has most freelance professionals after US". Hindustan Times. 2015-12-07. Retrieved 2017-01-31.
  8. ^ Jain, Mayank. "Work more, earn less: four charts sum up the economics of freelancing in India". Scroll.in. Retrieved 2017-01-31.
  9. ^ Nilika Mehrotra (2013), Disability, gender and caste intersections in the Indian economy, in Sharon N. Barnartt, Barbara M. Altman (ed.) Disability and Intersecting Statuses (Research in Social Science and Disability, Volume 7) Emerald Group Publishing Limited, pp. 295 – 324

Further reading

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